Market Overview

Jefferies Lowers PT On CNQR To $59


Jefferies has lowered its price target on Concur Technologies (NASDAQ: CNQR) following a strong quarter from the company.

Says Jefferies, in its report, “Sales growth beat consensus and F4Q11 guide means FY11 sales ests remain intact. Op margin guide points to expansion Y/Y for the first time in 7 Qs. But FCF guidance fell 20% due to acquisition dilution, commission accruals and higher capex. We adjust our valuation but stick with our BUY. We think acceleration and margin expansion mean better FCF in due course.”

Jefferies maintains a Buy rating on the stock.

CNQR closed yesterday at $46.04.


Related Articles (CNQR)

View Comments and Join the Discussion!

Posted-In: Jefferies & Co.Analyst Color Price Target Analyst Ratings

Latest Ratings

INTCJP MorganMaintains70.0
STMCanaccord GenuityMaintains47.0
ELDeutsche BankMaintains248.0
UAADeutsche BankMaintains13.0
INTCDeutsche BankMaintains55.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at